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Huff, Niehaus & Associates announces the sale of the Hampton Inn Indianapolis East |
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The Hampton Inn East, located in eastern Indianapolis, recently transferred to new owners, New Indianapolis Hotels, LLC, who plan a $1.5MM renovation on their $7.5MM purchase of the 123-room Hampton Inn. |
The hotel had TTM room revenues of $2.7+MM. Indy East Hotel Limited Partnership developed the Hampton Inn in 1988. Huff, Niehaus & Associates, Inc., with Hotel Brokers International, represented the seller in this transaction.
Huff, Niehaus & Associates, Inc., established in 1975, is a full-service real estate marketing firm specializing in the brokerage of hotels from full-service and upscale through mid-market and economy, limited-service properties. With nearly 80 collective years of hospitality expertise, Huff, Niehaus & Associates, Inc. is recognized as one of the leading hotel real estate brokerage firms in the nation and is a five time recipient of top regional sales honors from Hotel Brokers International. For more information about Huff, Niehaus & Associates, Inc. may be reached at (502) 254-7787 or via the Internet at www.huffniehaus.com.
Based in Kansas City, Mo., Hotel Brokers International has more than 100 hotel brokerage specialists and is the world's leading hotel sales organization. The organization annually accounts for the greatest share of mid-market transactions in the United States. HBI also hosts the Hotel Investor's Marketplace, sponsors the Certified Hotel Broker program and publishes Transactions Recap, the leading source of hotel real estate sales data. HBI currently has more than 150 properties listed for sale in its proprietary database and access to more than 10,000 hotel investors and owners. In addition to broker services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. HBI may be reached at (816) 505-4315 or via the Internet at www.hbihotels.com.
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